Today amendments to the ASIC Regulations take effect that improve the Panel's processes – see Corporations and Australian Securities and Investments Commission Amendment Regulation 2013 (No. 1).
The Panel has received an application from Oaktree Capital Management L.P. and Centerbridge Partners L.P.1 in relation to the affairs of Billabong International Limited.
The President of the Panel has declined to make interim orders in response to an application for interim orders dated 18 July 2013 by Oaktree Capital Management L.P. and Centerbridge Partners L.P.2 in relation to the affairs of Billabong International Limited (see TP13/29).
Following the announcement of the withdrawal of the entitlement offer, the Panel has declined to make a declaration of unacceptable circumstances in response to an application dated 11 June 2013 from the Australian Securities and Investments Commission in relation to the affairs of Laneway Resources Limited (see TP13/21).
The Panel, Peter Day, Peter Hay (sitting President) and Jane Sheridan, declined to make a declaration of unacceptable circumstances in relation to the affairs of Laneway Resources Limited after Laneway withdrew its 16 for 1 pro rata renounceable entitlement offer.
The Panel has declined to conduct proceedings on a review application dated 24 June 2013 from Jiggi Investments Pty Ltd and others in relation to the affairs of Careers Australia Group Limited.
The Panel, Elizabeth Bryan, Alastair Lucas AM (sitting President) and Robert Sultan declined to conduct proceedings on an application by Jiggi Investments Pty Ltd and others to review the decision of the initial Panel in Careers Australia Group Limited 02.
The Acting President of the Panel has made interim orders in response to a review application dated 24 June 2013 by Jiggi Investments Pty Ltd and others in relation to the affairs of Careers Australia Group Limited (see TP13/24).
The fees payable for Panel applications are indexed each year from 1 July based on any increase in the Consumer Price Index, pursuant to the Corporations (Fees) Act 2001 (Cth) and Corporations (Fees) Regulations 2001 (Cth).
The Panel has received an application from shareholders of Careers Australia Group Limited seeking a review of the Panel's decision in Careers Australia Group Limited 02 (TP13/23). The acting President has consented to the making of the review application.